Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Frax Finance plans to announce the proposed income distribution plan within 10 days

Frax Finance plans to announce the proposed income distribution plan within 10 days

2024/02/26 23:47
FXS-1.18%

On February 27th, according to The Block, Sam Kazemian, the founder of the hybrid algorithm stablecoin protocol Frax Finance, stated that they are considering resuming rewards distribution to token stakers in the next two weeks. "Yes, they previously voted to stop income distribution. But now we feel it's the right time to open a huge switch. This will bring in a lot of revenue," Kazemian said and added that implementation will be completed within 10 days. BlockBeats reported yesterday that Frax Finance's core team is considering proposing a new plan aimed at sharing protocol revenue with its veFXS token holders. This move mirrors a similar proposal on decentralized exchange Uniswap last week.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Trending news

More
1
A certain whale deposited $4 million USDC into HyperLiquid to avoid liquidation of their ETH short position, with total losses reaching $26 million.
2
Tesla Accused of Favoring Visa Employees and Firing U.S. Citizens to Pay Lower Wages

Crypto prices

More
Bitcoin
Bitcoin
BTC
$115,727.8
+0.21%
Ethereum
Ethereum
ETH
$4,723.77
+3.67%
XRP
XRP
XRP
$3.11
+1.51%
Tether USDt
Tether USDt
USDT
$1
+0.03%
Solana
Solana
SOL
$242.3
+1.77%
BNB
BNB
BNB
$925.49
+1.88%
USDC
USDC
USDC
$0.9998
-0.00%
Dogecoin
Dogecoin
DOGE
$0.2848
+8.28%
TRON
TRON
TRX
$0.3544
+1.44%
Cardano
Cardano
ADA
$0.9274
+2.57%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter